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Fuel provisions in the Tax Relief bill

Green Car Congress

US President Barack Obama on Friday signed H.R. 4853 , the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (“Middle Class Tax Relief Act of 2010”). The bill extends the Volumetric Ethanol Excise Tax Credit (VEETC) through 2011 at the current rate of $0.45/gallon Refined Coal.

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Obama climate plan calls for new fuel economy standards for heavy-duty vehicles post-2018; cleaner fuels and investment in advanced fossil energy

Green Car Congress

Among the transportation-related elements of US President Barack Obama’s new climate action plan, which he is outlining today in a speech at Georgetown University, is the development of new fuel economy standards for heavy-duty vehicles post-2018. Earlier post.). New energy efficiency standards. Providing a toolkit for climate resilience.

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PCAST suggests 6 key components for climate change strategy to President Obama; adaptation and mitigation

Green Car Congress

The President’s Council of Advisors on Science and Technology (PCAST) released a letter to President Obama describing six key components the advisory group believes should be central to the Administration’s strategy for addressing climate change. PCAST recommends official initiation of the full review.

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Obama blueprint for a US economy “built to last” includes “all-of-the-above” energy strategy; call for 80% of US electricity from clean sources by 2035

Green Car Congress

President Obama used his last State-of-the-Union (SOTU) address of his term to outline four main elements of a blueprint for an “ economy that’s built to last: an economy built on American manufacturing, American energy, skills for American workers, and a renewal of American values. ”. —President Obama.

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US and China Presidents Announce US-China Electric Vehicles Initiative, Six Other Measures to Strengthen Cooperation Between the Countries on Energy Issues

Green Car Congress

The two countries will explore development of joint product and testing standards for electric vehicles. In the United States, the American Recovery and Reinvestment Act expanded a $7,500 consumer tax credit for electric vehicles and included $2.4 21 st Century Coal. billion to support battery manufacturing.

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A look at how US Tax Bill affects fuels

Green Cars News

On Friday, HR 4853, the Tax Relief, Unemployment Insurance Reauthorisation and Job Creation Act of 2010, was signed by US President Barack Obama. Firstly, the bill will extend the volumetric ethanol excise tax credit through 2011 at the existing rate of $0.45/gallon. It includes a number of provisions related to fuels.

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Part of Elon Musk’s $15B tax bill will likely end up helping the fossil fuel industry

Teslarati

Elon Musk may be paying an estimated $15 billion in taxes this year due to his massive sale of part of his TSLA holdings, but his contributions to the US government may end up supporting the fossil fuel industry. The remaining 20% is allocated for coal. Conservative estimates put U.S. Conservative estimates put U.S.

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